Key Points
- Director Benjamin Fowke III sold 5,000 AEP shares on Dec. 12 at an average price of $115.07 for $575,350, cutting his stake by 16.18% to 25,898 shares (worth about $2.98M).
- AEP raised its quarterly dividend to $0.95 from $0.93 (annualized $3.80), implying a ~3.3% yield and a payout ratio around 55%.
- FY2025 guidance set at $5.85–$5.95 EPS (analysts' consensus ~$5.87); the most recent quarter delivered $1.80 EPS (missed by $0.01) while revenue rose 10.9% year-over-year.
American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) Director Benjamin Fowke III sold 5,000 shares of the company's stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company's stock, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
American Electric Power Stock Up 1.4%
AEP stock opened at $115.77 on Tuesday. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $124.80. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. The firm has a 50-day simple moving average of $119.14 and a 200-day simple moving average of $111.83. The stock has a market capitalization of $61.83 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.98 and a beta of 0.61.
American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($0.01). The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. American Electric Power's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.
American Electric Power Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $0.95 per share. This is a boost from American Electric Power's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.3%. American Electric Power's dividend payout ratio is presently 55.39%.
Hedge Funds Weigh In On American Electric Power
A number of hedge funds have recently modified their holdings of AEP. Meeder Asset Management Inc. purchased a new position in American Electric Power in the third quarter worth approximately $26,000. Dogwood Wealth Management LLC lifted its position in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company's stock worth $26,000 after purchasing an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power during the third quarter worth $26,000. Advantage Trust Co grew its stake in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company's stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Electric Power in the third quarter valued at $29,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of American Electric Power from $111.00 to $132.00 and gave the company a "neutral" rating in a report on Friday, October 31st. Evercore ISI restated an "outperform" rating on shares of American Electric Power in a report on Thursday, October 30th. Raymond James Financial restated an "outperform" rating on shares of American Electric Power in a research report on Thursday, October 30th. Finally, TD Cowen raised American Electric Power to a "strong-buy" rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.09.
Check Out Our Latest Analysis on AEP
About American Electric Power
(
Get Free Report)
American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
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